Yellen’s framework and balance of risks point to four hikes this year and higher yields

Posted on March 14th, 2017

Fed Chair Yellen may have sounded soothing two weeks ago.  However, the framework she outlined is consistent with one more hike in the FOMC projections to four this year.  And the balance of risks has shifted towards higher rates still next year.  Risks, even without the possible fiscal stimulus, have been balanced for some time.  […]